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11 December 2024 | 12 replies
Its my understanding that the individuals are responsible for all the legalities, contracts ect to make it safe not to get ripped off.
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10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊 Thanks for the response and insight Anthony.
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10 December 2024 | 7 replies
@Tim JacobThank you so much for your response.
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10 December 2024 | 6 replies
Both tenants are responsible for the damage caused.
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9 December 2024 | 11 replies
I had a response on a previous post this year about what the private lending restrictions will be here --> https://www.biggerpockets.com/forums/22/topics/1174919-bough...Here's a re-post of that information though:------------------------------------I do have a DSCR lender who can assist with a limited recourse loan that will close in the name of a self-directed IRA.
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11 December 2024 | 68 replies
I'm a little surprised at the response you are getting from some of our colleagues.
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27 November 2024 | 16 replies
@Parker Pattschull you should get a response within a day or two.
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10 December 2024 | 39 replies
There are only a hand-full of people who would even be willing to take on a job/responsibility like that.
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7 December 2024 | 7 replies
And one more question I've worked with 3 REA thus far but so far none of them communicate timely (it usually take 2-3 days to get a response even when I'm letting them know I want to offer on a property) is this common?
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7 December 2024 | 7 replies
Quote from @Kathy Kifer: @Michael Plaks - I just came across your response to this question.